Promusic Center Inc in Wilson, North Carolina (NC)
Table of contents:
| Promusic Center Inc | |
| Employer Identification Number (EIN) | 562106076 |
| Name of Organization | Promusic Center Inc |
| Address | PO BOX 7342, Wilson, NC 27895-7342 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Other cultural or historical activities |
| Subsection | Educational Organization |
| Ruling Date | 11/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $6,403 |
| Amount of Income | $40,701 |
| Form 990 Revenue Amount | $40,701 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Music Groups, Bands, Ensembles |
Non-representatives - add comments:
Amount of income in 2014: $40,701 (it was $27,727 in 2013)
| This organization: | $40,701 |
| Other organizations performing similar types of work: | $49,571 |
Assets in 2014: $6,403 (it was $1,654 in 2013)
| Promusic Center Inc: | $6,403 |
| Other organizations performing similar types of work: | $16,879 |
Expenses in 2014: $35,952
| This organization: | $35,952 |
| Other organizations performing similar types of work: | $43,914 |
Income to expenses ratio in 2014: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2014: 38.2%
| This organization: | 38.2% |
| Other organizations performing similar types of work: | 46.1% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $44,426 | $107,390 | $27,727 | $40,701 |
| Contributions, gifts, grants, and similar amounts received | $21,558 | $90,039 | $10,486 | $15,530 |
| Program service revenue including government fees and contracts | $22,868 | $17,351 | $17,241 | $25,171 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $42,756 | $114,216 | $27,403 | $35,952 |
| Total net assets | $7,731 | $1,555 | $1,654 | $6,403 |
| Excess/Deficit for the year | $1,670 | $-6,826 | $324 | $4,749 |
| Net assets or fund balances at beginning of year | $6,061 | $7,731 | $1,555 | $1,654 |
| Other changes in net assets or fund balances | $0 | $650 | $-225 | $0 |
| Net assets or fund balances at end of year | $1,555 | $1,654 | $6,403 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $7,731 | $1,555 | $1,654 | $6,403 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $7,731 | $1,555 | $1,654 | $6,403 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $266,115 |
| Subtotal | $266,115 |
| Gifts, grants, contributions, and membership fees received | $159,918 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $106,197 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $266,115 |
| Public support | $266,115 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Pops At The Post Inc | Po Box 3241, Salisbury, NC 28145 | NC | 2011-09 | $47,556 |
| 2 | Rowan Blues And Jazz Society | PO BOX 176, Salisbury, NC 28145-0176 | NC | 2000-10 | $30,551 |
| 3 | Charlotte Bronze Handbell Ensemble Inc | Po Box 1541, Matthews, NC 28106 | NC | 2014-06 | $6,203 |
| 4 | Matthews Concert Band Inc | 9940 Monroe Rd Ste 201, Matthews, NC 28105-5347 | NC | 2014-05 | $3,551 |
| 5 | Smoky Mountain Brass Quintet Inc | 627 Paw Paw Cove, Sylva, NC 28779 | NC | 2006-08 | $2,625 |
| 6 | Brunswick Concert Band Inc | Po Box 10163, Southport, NC 28461 | NC | 2012-03 | $0 |
| 7 | Cape Fear Highlanders | 629 Mohican Trl, Wilmington, NC 28409-3428 | NC | 2001-04 | $0 |
| 8 | Carolina Superstar Bobby Clark & The Knights Of Harmony Inc | 232 Regency Dr, Nashville, NC 27856-1812 | NC | 2010-10 | $0 |
| 9 | Carteret Community Sunshine Band | 203 Borgo Ct, Havelock, NC 28532 | NC | 2004-06 | $0 |
| 10 | Catawba Valley Music Revival Inc | Po Box 1404, Newton, NC 28658 | NC | 2009-11 | $0 |
| 11 | Charlotte Jazz Orchestra | 1407 Florida Street, Gastonia, NC 28052 | NC | 2014-11 | $0 |
| 12 | Danceabilities Academy | 1385 E Garrison Blvd, Gastonia, NC 28054 | NC | 2014-10 | $0 |
| 13 | Flutes Of Hope Foundation | 404 Ostin Creek Trail, Mill Spring, NC 28756 | NC | 2008-01 | $0 |
| 14 | Forecast Music Incorporated, Forecast Music | 2360 Queen St, Winston Salem, NC 27103 | NC | 2004-10 | $0 |
| 15 | Heart Strings Inc | 3602 Country Club Rd, New Bern, NC 28562 | NC | 2002-03 | $0 |
| 16 | His Redeemed Inc | 204 Hickory Shores Drive, Newport, NC 28570 | NC | 2015-04 | $0 |
| 17 | Jamestown Highlanders Pipe Band | Po Box 1555, Jamestown, NC 27282 | NC | 2008-04 | $0 |
| 18 | Lake Norman Big Band, The Lake Norman Big Band | 19706 One Norman Blvd Suite B134, Cornelius, NC 28031-5912 | NC | 2007-09 | $0 |
| 19 | Loch Norman Pipe Band | Po Box 2431, Huntersville, NC 28070 | NC | 2001-12 | $0 |
| 20 | Maiden High School Music Boosters | PO BOX 648, Maiden, NC 28650 | NC | 2014-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,659 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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